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Della works as a Project Manager for Blue Well Inc. A number of projects are running under her guidance. You, being a team leader of a project, provide Della the performance indexes of your project. The schedule variance (SV) of your project is zero. What does this figure depict?
According to the question, the schedule variance (SV) of the project is zero. A value of 0
indicates that the project is right on target.
Schedule variance (SV) is a measure of schedule performance on a project. The variance notifies that
the schedule is ahead or behind what
was planned for this period in time. The schedule variance is calculated based on the following
formula:
SV = Earned Value (EV) - Planned Value (PV)
If the resulting schedule is negative, it indicates that the project is behind schedule. A value greater
than 0 shows that the project is ahead of
the planned schedule. A value of 0 indicates that the project is right on target.
Answer option C is incorrect. The negative SV means that project is behind the schedule.
Answer option D is incorrect. This result can be drawn by looking at the cost variance (CV) of the
project.
Answer option B is incorrect. The positive SV depicts that the project is ahead of the planned
schedule.